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Report: How Nigeria’s political elites hid behind military to steal billions of dollars

Report: How Nigeria’s political elites hid behind military to steal billions of dollars

- A new report has highlighted how Nigeria’s political elites for years hid under the cover of the country’s military to steal billions of dollars

- The monies stolen would have been channeled into improving the living conditions of the citizens

- The report was released today, Thursday, May 18 in Abuja by Transparency International Defence And Security

A report by Transparency International Defence And Security has highlighted how Nigeria’s political elites hid under the cover of the country’s military to steal billions of dollars for years.

The report which was released today, Thursday, May 18 in Abuja revealed how corrupt officials over the years exploited the excessive secrecy of the country’s defence budget to rip off the nation.

The report repeatedly mentioned former National Security Adviser, Colonel Sambo Dasuki’s case as an example of how the country’s defence sector leaves room for exploitation.

Dasuki is currently facing trial instituted by the federal government of Nigeria for allegedly diverting $2.1 billion meant for military equipments to fund political activities.

The report also mentioned former President Goodluck Jonathan and the late military dictator, Sani Abacha, as some of the nation’s leaders who profited from the inherent weakness in the sector.

Report: How Nigeria’s political elites hid behind military to steal billions of dollars

Successive governments in Nigeria have failed to take their hands off the commonwealth of the people

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According to the report, the stealing is usually done through inflating of procurement contract values and creating of "phantom" defence contracts.

"Such contracts are used as a vehicle for money laundering: facilitated via weak or corrupted Nigerian banks, illicit financial flows are often hidden in property in the UK, United States, South Africa and Dubai.

“The stealing is done with the active connivance of the country’s military leaders.

"With oil prices at a record low, defence has provided new and lucrative opportunities for the country’s corrupt kleptocrats.

“Former military chiefs have stolen as much as US $15 billion – a sum equivalent to half of Nigeria’s foreign currency reserves – through fraudulent arms procurement deals,” says the report.

Premium Times reports that the report was prepared in partnership with the Civil Society Legislative Advocacy Centre (CISLAC).

READ ALSO: Group warns politicians not to don’t drag army into politics

It is titled: 'Weaponising Transparency: Defence Procurement Reform As a Counterterrorism Strategy in Nigeria.'

The report acknowledged President Muhammadu Buhari administration’s effort to tackle corruption in the country’s defence sector., but warned that, “only a holistic reform agenda can deliver the deep, systemic changes and improvements in transparency and accountability needed to prevent the next US $15 billion quietly leaving Nigeria through the back door.

“President Buhari’s anti-corruption drive is a rare example of senior Nigerian defence and security officials being exposed to criminal investigation. By signalling that military impunity is not without limit, it is undoubtedly a positive step forward," it said.

Report: How Nigeria’s political elites hid behind military to steal billions of dollars

President Buhari has cleansed the military of corrupt elements

The report recommends a unified anti-corruption strategy for the defence sector, the extension of public access to defence and security information, and the monitoring of confidential procurements as some of the ways of tackling the problem.

Other recommendations include the sharpening of international focus on fighting corruption in Nigeria, plucking off money laundering loopholes in banks, the extension of whistle-blower protection to cover the defence sector, and regulation of secretive security votes.

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Meanwhile, the federal government has warned looters of the national treasury that there will be more prosecutions despite its successes in the anti-graft war.

This was made known by the minister of information and culture, Alhaji Lai Mohammed at the mid-term town-hall meeting of the federal government in Abuja on Tuesday, May 16.

Watch the NAIJ.com TV vox pop below, where Nigerians talk about corruption among the political class.

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